Discovering Alpha: Asset bubbles

4:20 PM ET Mon, 5 Aug 2013

The wisdom of crowds is popular, except when it comes to investing. When the masses rush into comparable trades and trends, the result is diminished returns and compromised capacity. As top investors seek the holy grail of non-correlated returns, how are they angling to strike first and avoid the crowds? With CNBC's Kelly Evans; Michael Novogratz, Fortress Investment Group; Michael Sacks, Grosvenor Capital Management; Steve Kuhn, Partner and Head of Fixed Income Trading, Pine River Capital Management; David Villa, Wisconsin Investment Board.